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P2 Gold Posts Results Confirming Potential for Expansion at Lucky Strike Zone of Gabbs Project

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P2 Gold (PGLD.V) reported results from the Lucky Strike Zone as part of a drill program at the Gabbs project in Nevada, confirming that the zone continues to host high potential for expansion, the company said in a Wednesday release.

Visible gold was encountered in drill hole GBD-021, a 100-meter step out to the south into an area with no historical drilling.

Highlights of the results include 1.04 grams per tonne gold and 0.35% copper over 53.34 m, including 19.81 m grading 1.93 g/t gold and 0.44% copper and including 1.52 m grading 183.0 g/t gold and 4.0% copper.

Drill holes GBD-021 and GBD-029 to 031 were drilled on the western half of the Lucky Strike Zone and confirm and extend the higher-grade core area of mineralization at the zone.

On completion of the drill program, an updated mineral resource estimate will be prepared for Gabbs, scheduled for completion in the third quarter. The updated MRE will form the basis of a feasibility study on placing Gabbs in production, scheduled for completion in the fourth quarter.

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